27 de febrero de 2015 / 22:34 / hace 2 años

Banco do Brasil cuts outlook for fee income on Cielo partnership

RIO DE JANEIRO, Feb 27 (Reuters) - Brazil's state-controlled commercial bank Banco do Brasil SA said on Friday it cut its outlook for fee income as a result of a partnership with Cielo SA, Brazil's largest credit and debt card operator.

Banco do Brasil expects fee income to grow 3 percent to 6 percent instead of the 7 percent to 10 percent it suggested in guidance for investors published on Feb. 11, the bank said in a securities filing.

The other forecasts published on Feb. 11 remain the same, the bank said. (Reporting by Jeb Blount)

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